Freedom Specialty Insurance Company: Nationwide E&S pulls back from NY construction

Nationwide's excess and surplus lines (E&S) operation has exited the brokered New York construction market amid continued challenging underwriting conditions in the segment, The Insurance Insider can reveal. The E&S giant took the decision to write no new business with New York construction exposure from 15 April, with policies expiring on or after 1 June 2018 to be non-renewed. Sources described the carrier as a leading player in the market, with a book of business thought to exceed $100mn in...